The global commercial drones market size reached US$ 20.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 84.3 Billion by 2028, exhibiting a growth rate (CAGR) of 25.9% during 2023-2028. Rapid advancements in drone technology, government initiatives and regulations supporting the integration of drones, and burgeoning investments in research and development (R&D) by key manufacturers represent some of the key factors driving the market.
Commercial drones, also known as unmanned aerial vehicles (UAVs), are aerial vehicles that are operated remotely by a human operator or autonomously using software-controlled flight plans. They consist of several key components, including a flight controller, propulsion system, sensors, and communication system. The flight controller is responsible for controlling its movements, whereas the propulsion system consists of electric motors and propellers that provide lift and thrust. The communication system enables the drone to transmit data and receive commands from a remote operator. Commercial drones offer numerous advantages as they are faster, more accurate, and more cost-effective and aid in performing high-quality aerial filming and photography. Additionally, they can be equipped with a wide range of sensors, including thermal imaging and LiDAR, allowing for a variety of applications, from mapping and surveying to agriculture and emergency response. Currently, there are umpteen product variants available on the market, including fixed-wing drones, multi-rotor drones, and hybrid drones.
2. What is the expected growth rate of the global commercial drones market during 2023-2028?
3. What are the key factors driving the global commercial drones market?
4. What has been the impact of COVID-19 on the global commercial drones market?
5. What is the breakup of the global commercial drones market based on the weight?
6. What is the breakup of the global commercial drones market based on the system?
7. What is the breakup of the global commercial drones market based on the product?
8. What is the breakup of the global commercial drones market based on mode of operation?
9. What is the breakup of the global commercial drones market based on the application?
10. What is the breakup of the global commercial drones market based on the end use?
11. What are the key regions in the global commercial drones market?
12. Who are the key players/companies in the global commercial drones market?
Commercial drones, also known as unmanned aerial vehicles (UAVs), are aerial vehicles that are operated remotely by a human operator or autonomously using software-controlled flight plans. They consist of several key components, including a flight controller, propulsion system, sensors, and communication system. The flight controller is responsible for controlling its movements, whereas the propulsion system consists of electric motors and propellers that provide lift and thrust. The communication system enables the drone to transmit data and receive commands from a remote operator. Commercial drones offer numerous advantages as they are faster, more accurate, and more cost-effective and aid in performing high-quality aerial filming and photography. Additionally, they can be equipped with a wide range of sensors, including thermal imaging and LiDAR, allowing for a variety of applications, from mapping and surveying to agriculture and emergency response. Currently, there are umpteen product variants available on the market, including fixed-wing drones, multi-rotor drones, and hybrid drones.
Commercial Drones Market Trends:
The market is primarily driven by the increasing product demand across the agriculture, construction, and logistics industries. This is further bolstered by the advancements in drone technology, including the development of sophisticated sensors, improved battery life, and enhanced data processing capabilities. Moreover, the implementation of various government initiatives and regulations supporting the integration of drones into commercial operations and the rising need for quick and reliable last-mile delivery solutions across the e-commerce sector are driving the market growth. Furthermore, the widespread product adoption in disaster management, aerial photography, and inspection services and the burgeoning investments in research and development (R&D) by key manufacturers are providing an impetus to the market growth. Apart from this, the emergence of autonomous drones that assists in military and law enforcement operations, search and rescue missions, and environmental monitoring, is favoring the market growth. In line with this, rapid technological advancements, such as the integration of artificial intelligence (AI) and machine learning (ML) technologies to recognize and track objects in real time and enhance the capabilities of drones is creating a positive outlook for the market. Other factors, such as the decreasing costs of drone production and the availability of affordable consumer drones are propelling the market growth.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global commercial drones market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on weight, system, product, mode of operation, application and end use.Weight Insights:
- < 2 Kg
- 2 Kg-25 Kg
- 25 Kg-150 Kg
System Insights:
- Hardware
- Airframe
- Propulsion System
- Payloads
- Others
- Software
Product Insights:
- Fixed Wing
- Rotary Blade
- Hybrid
Mode of Operations Insights:
- Remotely Operated
- Semi-Autonomous
- Autonomous
Application Insights:
- Filming and Photography
- Inspection and Maintenance
- Mapping and Surveying
- Precision Agriculture
- Surveillance and Monitoring
- Others
End Use Insights:
- Agriculture
- Delivery and Logistics
- Energy
- Media and Entertainment
- Real Estate and Construction
- Security and Law Enforcement
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aeronavics Ltd., AeroVironment Inc., Autel Robotics, Delair, Insitu Inc. (The Boeing Company), Leptron Unmanned Aircraft Systems Inc., PrecisionHawk Inc., SenseFly (AgEagle Aerial Sys), Skydio Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Company Limited) and Yuneec International, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global commercial drones market in 2022?2. What is the expected growth rate of the global commercial drones market during 2023-2028?
3. What are the key factors driving the global commercial drones market?
4. What has been the impact of COVID-19 on the global commercial drones market?
5. What is the breakup of the global commercial drones market based on the weight?
6. What is the breakup of the global commercial drones market based on the system?
7. What is the breakup of the global commercial drones market based on the product?
8. What is the breakup of the global commercial drones market based on mode of operation?
9. What is the breakup of the global commercial drones market based on the application?
10. What is the breakup of the global commercial drones market based on the end use?
11. What are the key regions in the global commercial drones market?
12. Who are the key players/companies in the global commercial drones market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Commercial Drones Market
6 Market Breakup by Weight
7 Market Breakup by System
8 Market Breakup by Product
9 Market Breakup by Mode of Operation
10 Market Breakup by Application
11 Market Breakup by End Use
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aeronavics Ltd.
- AeroVironment Inc.
- Autel Robotics
- Delair
- Insitu Inc. (The Boeing Company)
- Leptron Unmanned Aircraft Systems Inc.
- PrecisionHawk Inc.
- SenseFly (AgEagle Aerial Sys)
- Skydio Inc.
- SZ DJI Technology Co. Ltd. (iFlight Technology Company Limited)
- Yuneec International.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 20.7 Billion |
| Forecasted Market Value ( USD | $ 84.3 Billion |
| Compound Annual Growth Rate | 26.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
